The Royal Institution of Chartered Surveyors’ (RICS) Service Charge Residential Management Code (the Code of Practice) aims to:
- Improve general standards and promote best practice, uniformity, reasonableness and transparency in the management and administration of long leasehold residential property.
- Ensure the timely issue of all documentation including budgets and year end accounts.
- Reduce the causes of disputes and to give guidance to resolving disputes where these do occur.
